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> Your argument is that government grants are bad because they cause some moderate bureaucratic hassle? There's nothing moderate about it. Think about the amou
by 908B64B197 6y ago
> Your argument is that government grants are bad because they cause some moderate bureaucratic hassle?
There's nothing moderate about it. Think about the amount of paperwork required so that someone is spending 35h/week working on it. And we're talking about a 5 people org. All that to claim tax credits the company will maybe get next quarter. As opposed to a US startup that pays way less tax and can just hire the engineer they need as their 5th employee. Which one is getting a head start?
And on the other hand, all these programs are administered by an army of bureaucrats, all paid with a cushy pension fund.
It's a great job program for bureaucrats, not so much for startups!